TRUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0220%/8h= +24.0% APRnext payment +$1.10 per $10,000 · paid last 24h −0.005%

Price spread now: Gate against OKX+0.093%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$450.454% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 7 days−0.084%−$8 · spread now +0.093%, 7d avg +0.023%

Together, before fees−0.052%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Gate is 0.070% dearer against OKX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.023%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.032% in total (about 1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TRUMP-USDT-SWAP	2.1540	−0.0224	get 0.0112% / 4h	3h 49m	$27.0M	$183.6M	50x
Short	Gate TRUMP_USDT	2.1560	−0.0004	pay 0.0002% / 4h	3h 49m	$7.7M	$49.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee OKXbpFee GatebpOrdersPrice spread, now +0.093%Rate

Funding earned: $46.1
Price spread: +0.093% → +0.023%: $6.96
Slippage, 4 orders: −$20.43
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $7.63
Costs to cover: 0.454%
Break-even: 5.8 days

Slippage from OKX: live order book, 5 min ago; Gate: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 5 min ago	2.33 bp	10.6 bp −$11	13.4 bp −$134	33.7 bp −$3,371	doesn't fit
Sell Gate live order book, 5 min ago	2.33 bp	10.9 bp −$11	31.1 bp −$311	74.3 bp −$7,429	doesn't fit

TRUMP on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective TRUMP/USDC PERP	−0.1829%	1h	2.1440	−0.464%	$12K	$157K	12x	as long as short
SoDEX TRUMP-USD	−0.0515%	1h	2.1545	+0.023%	$72	$6K	5x	as long as short
Variational Omni TRUMP	−0.0310%	4h	2.1561	+0.100%	$663K	$421K	—	as long as short
Deribit TRUMP_USDC-PERPETUAL	−0.0260%	1h	2.1565	+0.116%	$406K	$65K	10x	as long as short
Reya TRUMPRUSDPERP	−0.0245%	1h	2.1542	+0.007%	$5	—	10x	as long as short
OKX TRUMP-USDT-SWAPlong	−0.0224%	4h	2.1540	long leg	$27.0M	$183.6M	50x
Binance TRUMPUSDT	−0.0219%	4h	2.1539	−0.003%	$61.0M	$247.1M	75x	as long as short
Extended TRUMP-USD	−0.0216%	1h	2.1540	−0.002%	$74K	$494K	25x	as long as short
Lighter TRUMP	−0.0168%	1h	2.1544	+0.019%	$942K	$988K	10x	as long as short
Coinbase International TRUMP-PERP-INTX	−0.0136%	1h	2.1510	−0.139%	$168K	$473K	50x	as long as short

Show all 31 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex TRUMP-USD-PERP	−0.0133%	8h	2.1547	+0.033%	$5K	$175	5x	as long as short
edgeX TRUMPUSDC	−0.0106%	4h	2.1482	−0.269%	$105K	$253K	20x	as long as short
Orderly PERP_TRUMP_USDC	−0.0090%	4h	2.1550	+0.046%	$5K	$292K	10x	as long as short
Bybit TRUMPUSDT	−0.0057%	4h	2.1540	0.000%	$30.8M	$52.0M	50x	as long as short
KuCoin TRUMPUSDTM	−0.0014%	4h	2.1550	+0.046%	$4.1M	$10.7M	50x	as long as short
dYdX TRUMP-USD	−0.0006%	1h	2.1576	+0.167%	$27K	$501	5x	as long as short
Gate TRUMP_USDTshort	−0.0004%	4h	2.1560	+0.093%	$7.7M	$49.5M	75x
gTrade (Gains Network) TRUMP/USD	L +0.0008% / S −0.0007%	1h	2.1570	+0.139%	$41K	—	150x	as long as short
BloFin TRUMP-USDT	+0.0021%	4h	2.1530	−0.046%	$4.2M	$689K	75x	as long as short
Aevo TRUMP-PERP	+0.0024%	1h	2.1537	−0.012%	$19K	—	3x	as long as short
GRVT TRUMP_USDT_Perp	+0.0028%	4h	2.1510	−0.139%	$181K	$4.3M	10x	as long as short
Bitget TRUMPUSDT	+0.0048%	4h	2.1560	+0.093%	$15.4M	$26.6M	75x	as long as short
Hyperliquid TRUMP	+0.0100%	1h	2.1566	+0.121%	$13.7M	$8.1M	10x	as long as short
Aster TRUMPUSDT	+0.0100%	4h	2.1560	+0.093%	$404K	$717K	20x	as long as short
Pacifica TRUMP	+0.0100%	1h	2.1558	+0.084%	$185K	$54K	10x	as long as short
MEXC TRUMP_USDC	+0.0100%	4h	2.1540	0.000%	$400K	$147K	125x	as long as short
SunX TRUMP-USDT	+0.0100%	4h	2.1590	+0.232%	$2K	$1.5M	50x	as long as short
HTX TRUMP-USDT	+0.0100%	4h	2.1560	+0.093%	$502K	$2.5M	50x	as long as short
Kraken Futures PF_TRUMPUSD	+0.0121%	1h	2.1577	+0.170%	$1.3M	$2.3M	50x	as long as short
GMX TRUMP/USD [ETH-USDC]	L +0.0136% / S −0.0098%	1h	2.1570	+0.139%	$9K	—	100x	as long as short
Backpack TRUMP_USDC_PERP	+0.0329%	1h	2.1585	+0.209%	$383K	$420K	10x	as long as short